Canada to Allocate About $60 Billion to Strengthen Its Armed Forces

Canada will allocate about $60 billion over the next five years to strengthen its Armed Forces.

This figure is included in Canada’s federal budget draft, Ukrinform reports.

The funds will go in particular toward investments in defense infrastructure, training, and increasing military personnel’s salaries.

“The 2025 budget proposes allocating C$81.8 billion over five years for the rebuilding, rearmament, and modernization of the Canadian Armed Forces,” the document states.

In particular, C$17.9 billion (about $13.1 billion) will be directed toward expanding Canada’s military capabilities – including investments in new logistics hubs, light and armored vehicles, counter-drone technologies, long-range precision weapons, and domestic ammunition production.

Another C$6.2 billion (about $4.5 billion) from this amount will be used to “expand Canada’s defense partnerships, including increasing military assistance to Ukraine and strengthening military training and international programs.”

In addition, at least C$2.7 billion (about $2 billion) will be allocated over the next two years to support Operation Reassurance in Latvia.

As previously reported, Swedish defense giant Saab is considering Canada as a potential location for assembling Gripen fighter jets – a decision linked to a possible large order from Ukraine.